Assa Abloy AB (OTCMKTS:ASAZY) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Assa Abloy has a “Moderate Buy” consensus rating from eight analysts: four recommend buying, one issues a strong-buy rating, and three rate the stock as a hold.
• Shares opened at $17.82, down 0.8%, with a $39.65 billion market capitalization and a 52-week trading range of $16.71 to $21.98.
• In its latest quarter, Assa Abloy reported EPS of $0.21, matching estimates, while revenue of $4.07 billion fell slightly short of the $4.09 billion consensus forecast.

Shares of Assa Abloy AB (OTCMKTS:ASAZY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

Several analysts have recently weighed in on ASAZY shares. Royal Bank Of Canada initiated coverage on Assa Abloy in a research report on Tuesday, June 16th. They set an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Assa Abloy in a report on Thursday, September 17th. Barclays reiterated an "overweight" rating on shares of Assa Abloy in a report on Monday, June 15th. Finally, Zacks Research upgraded shares of Assa Abloy from a "strong sell" rating to a "hold" rating in a research note on Wednesday, June 10th.

Assa Abloy Stock Down 0.8%

Shares of OTCMKTS:ASAZY opened at $17.82 on Friday. The firm has a market capitalization of $39.65 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. The business has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $18.24. Assa Abloy has a 1 year low of $16.71 and a 1 year high of $21.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.21. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%.The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. On average, equities analysts predict that Assa Abloy will post 0.84 EPS for the current year.

Assa Abloy Company Profile

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and technologies designed to secure, control and automate entry to buildings, facilities and other protected spaces.

Its offerings include mechanical and electromechanical locks, digital and mobile access systems, identification and security technologies, door hardware, entrance automation and security doors. Assa Abloy serves residential, commercial, institutional, hospitality, healthcare and industrial customers through a portfolio of regional and international brands, including ASSA, ABLOY, Yale and HID.

The company was formed in 1994 through the merger of Swedish lock manufacturer ASSA AB and Finnish lock manufacturer Abloy Oy.

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